Citigroup analyst Atif Malik maintained a Buy rating on Applied Materials Inc (AMAT) today and set a price target of $54. The company’s shares closed last Monday at $46.63.
According to TipRanks.com, Malik is a 5-star analyst with an average return of 15.7% and a 60.2% success rate. Malik covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Universal Display, and Kla-Tencor Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Materials Inc with a $51.27 average price target, implying an 11.6% upside from current levels. In a report issued on August 12, B.Riley FBR also maintained a Buy rating on the stock with a $54 price target.
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Applied Materials Inc’s market cap is currently $43.65B and has a P/E ratio of 15.54. The company has a Price to Book ratio of 5.32.
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Applied Materials, Inc. engages in the provision of materials engineering solutions used to produce new chip and advanced display. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.
